Last $27.86 USD
Change Today 0.00 / 0.00%
Volume 0.0
SAPMF On Other Exchanges
Symbol
Exchange
BrsaItaliana
BrsaItaliana
OTC US
As of 8:10 PM 06/18/14 All times are local (Market data is delayed by at least 15 minutes).

saipem spa (SAPMF) Snapshot

Open
$28.05
Previous Close
$27.86
Day High
$28.10
Day Low
$27.86
52 Week High
06/18/14 - $28.10
52 Week Low
07/31/13 - $21.15
Market Cap
10.9B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
441.3M
EX-Date
05/19/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SAIPEM SPA (SAPMF)

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saipem spa (SAPMF) Details

Saipem S.p.A. operates as a turnkey contractor in the oil and gas industry worldwide. It offers engineering, procurement, project management, and construction services for offshore and onshore projects. The company is engaged in the construction of trunk lines, export pipelines, and infield flow lines, as well as pipe-in-pipe, bundles, tie-in, and riser systems for the transportation of oil, gas, and multi-phase products. It also develops subsea deepwater fields; provides subsea construction services, such as subsea field development, and remotely operated vehicles and remote intervention systems operations, as well as subsea inspection, maintenance, and repair; and installs offshore structures, including modular deck drilling and production platforms, well-head, and accommodation platforms. In addition, the company is involved in constructing marine terminals, conventional buoy moorings, jetties, and piers. Further, it provides integrated solutions for large upstream facilities, including oil and gas production, treatment and processing plants, pipeline systems, pumping and compressor stations, and marine terminals; and designs and constructs natural gas liquefaction and regasification facilities, onshore transportation systems, oil refineries, petrochemicals and gas monetization plants, power plants, harbors, and jetties, as well as offers integrated environmental and remediation technologies and services. Additionally, the company operates as a drilling contractor; and owns and operates a fleet of vessels, including construction, drilling, and floating production storage and offloading vessels, as well as yards. The company is headquartered in Milan, Italy.

52,157 Employees
Last Reported Date: 04/15/14

saipem spa (SAPMF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: €683.0K
Compensation as of Fiscal Year 2013.

saipem spa (SAPMF) Key Developments

Saipem Wins $600 Million FPSOs Contracts in Brazil and Angola

Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola. These contracts are worth in total approximately $600 million. Saipem has been awarded by Petrobras a four-year extension to the Cidade de Vitoria FPSO lease contract at Petrobras' Golfinho Field, in Brazil's Espirito Santo Basin, as well as a contract for modification and upgrading of the leased FPSO vessel. The total value of the two contracts is approximately $450 million. The Cidade de Vitoria FPSO, owned and operated by Saipem, has been under a lease and operation contract to Petrobras since 2005. The contract has now been extended by four years, until 2022. The modification works that Saipem will carry out on the vessel are valued at approximately $110 million. The works will increase the produced water treatment capacity and allow the connection of two additional gas wells with a high level of condensates by the first quarter of 2016. Saipem Execution Centre in France is responsible for the upgrade work, while pre-fabrication and installation of the topside will be done in Brazil. In Angola, Saipem has been awarded by Sonangol P&P a two-year extension of the Gimboa FPSO lease and operation contract. The Gimboa FPSO is owned and operated by Saipem, and has been under a lease and operation contract in Block 4/05 since 2006. The contract is extended to the first quarter of 2017 and the two-year extension has a value of approximately $150 million.

Statoil ASA to Suspend Contract with Saipem for Scarabeo5 Rig

Statoil ASA has announced that it will suspend its contract with Saipem SpA for the rig Scarabeo5 from the fall of 2014, provisionally for the remainder of the year. This means that Scarabeo5 will be laid up for a brief period. Statoil is planning to re-commission the rig after the turn of the year. The rig is on contract until 2017 and will be used for the drilling and completion of production wells on various NCS fields, thus boosting recovery from existing fields. The rig is currently engaged in operations on Visund and is scheduled to complete its work there in August. The period for which the rig is being taken out of operation is equivalent to less than 3 % of Statoil's drilling capacity on the Norwegian continental shelf (NCS) in 2014. Taking Scarabeo5 out of commission for a brief period will not affect Statoil's production targets or planned exploration activities on the NCS. In 2014 the company will still be drilling 20-25 exploration wells on the NCS. Out of these 20-25, Statoil will be the operator of approximately two-thirds of the wells.

Saipem SpA, Board Meeting, May 28, 2014

Saipem SpA, Board Meeting, May 28, 2014. Agenda: To approve the renewal of the internal board committees.

 

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